Dogecoin Price Prediction for May 24: Sideways Trading Expected

Dogecoin experienced a significant price drop on Friday, dropping approximately 3.68%. As seen in the hourly chart, DOGE’s price is currently hovering within the local channel, with neither bulls nor bears having a clear advantage. This suggests that significant price movements are unlikely in the near future. On a larger timeframe, DOGE’s price remains far from key resistance and support levels. This indicates a continuation of sideways trading in the coming days. Looking towards mid-term predictions, Dogecoin continues to trade neutrally, with low volume suggesting a lack of buyer or seller enthusiasm. Therefore, traders can anticipate a period of consolidation within the range of $0.21-$0.24 in the upcoming week.